Brighter is applying for corporate restructuring in a bid for longer-term financing
Brighter AB (Publ) (“Brighter” or "the Company”) announces that the Board has resolved today to apply to put the Company into corporate restructuring (Sw. “företagsrekonstruktion”). The decision follows from a liquidity shortfall and is thought necessary to give the Company the time required to negotiate a longer-term financial solution and implement operational and organizational changes for profitable growth. The decision entails that the Company will suspend payments to creditors. By entering into corporate restructuring, the Board is taking measures to protect the interests of all